United Arab Emirates

Abu Dhabi Islamic Bank (ADIB) and Al Hilal Bank (AHB) were this week roadshowing the first public dollar sukuk since April and the first public bank deals from the Gulf states since March.

Al Hilal Bank hit screens on Thursday to announce a roadshow for a new five year Sukuk syndication — the first in the market in five months, according to Dealogic.

Abu Dhabi Islamic Bank is roadshowing a dollar benchmark Reg S additional tier one sukuk as the call date for its outstanding tier one approaches in October.

Abu Dhabi Commercial Bank has returned to the Asian loan market after two years absence, plotting a $400m deal that has already been partly taken up by lead bank Mizuho.

MUFG announced this week that it has appointed a new international head of credit sales and trading.

Frontier markets specialists Exotix Capital has made four new appointments to its EM sales business, expanding its coverage in four different geographies.

EA Partners II, the structured high yield bonds backed by loans to several airlines which are partners of Etihad, announced a note event of default on Friday, thanks to the low bids it received for loans to Air Berlin and Alitalia, both of which collapsed last year.

Dubai Aerospace Enterprise (DAE) has signed a conventional and Shariah compliant $480m four year revolving credit facility, as the Middle East continues to be the main bright spot in a dour CEEMEA loans market.

NMC Health, the Abu Dhabi-based private hospitals company, had to revise the terms of its debut $450m convertible bond issue downwards on Monday after pushback from investors on the price.

Jamal Al Kishi has been appointed chief country office for the United Arab Emirates and general manager of Deutsche Bank's Dubai (DIFC) branch.

United Arab Emirates based Noor Bank has launched its five year Reg S sukuk at 165bp over mid-swaps, with order books over $1bn, including joint lead manager interest.

Abu Dhabi National Energy Company (Taqa) has opened books on a dual tranche deal, its first since 2016, which bankers say is an encouraging sign that markets are normalising after a choppy week driven by geopolitical risk.